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Cisco announced first quarter fiscal 2027 earnings, reporting revenue of $18.5 billion and GAAP EPS of $1.14. Shares are up 3.2% on the day at $104.
Cisco announced its first quarter fiscal 2027 earnings, reporting revenue of $18.5 billion. According to Yahoo! Finance, the quarter's performance has been influenced by strong demand for AI infrastructure, investments from hyperscalers, and networking growth in the face of rising costs and competition.
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Price is sitting right at resistance from the MA-20 at $104.49. Shares of Cisco have climbed back above the MA-200 but remain below both the MA-20 and MA-50, creating a split daily chart structure that highlights ongoing uncertainty at this technical crossroads.
To gauge whether the revenue-driven move is being sustained, traders should watch for a close above $104.49. During the session, Cisco stock reclaimed the MA-200 at $102.15 after previously closing below it. Even so, the probabilities over the coming trading week stand at 33% for further upside and 67% for downside, with an expected trading range between $100.03 and $107.96. A close above $104.49 would confirm buyers are pushing the move further, while a drop below $102.27 would indicate the rebound is being reversed. On the weekly chart, the longer-term picture remains constructive.
Earlier, analysts noted that Cisco's shares were technically range-bound as investors weighed the impact of new AI partnerships and upcoming earnings. With first-quarter results now released and shares testing critical resistance at $104.49, the upcoming sessions will hinge on whether buyers can force a sustained breakout above this level.